OMERS ADMINISTRATION Corp Has $2.95 Million Position in Emerson Electric Co. (NYSE:EMR)

OMERS ADMINISTRATION Corp raised its holdings in Emerson Electric Co. (NYSE:EMR) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,827 shares of the industrial products company’s stock after buying an additional 4,041 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Emerson Electric were worth $2,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Vanguard Group Inc. increased its holdings in Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. Geode Capital Management LLC grew its holdings in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock worth $1,443,725,000 after buying an additional 232,540 shares in the last quarter. Norges Bank purchased a new stake in Emerson Electric in the 4th quarter valued at $885,886,000. Northern Trust Corp boosted its holdings in Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock worth $827,377,000 after acquiring an additional 370,560 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Emerson Electric by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock worth $542,379,000 after acquiring an additional 171,946 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Emerson Electric stock opened at $121.39 on Thursday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $68.28 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The firm’s 50 day simple moving average is $107.03 and its 200 day simple moving average is $118.70.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Citigroup boosted their price objective on Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Royal Bank of Canada boosted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.88.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.